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    Prospects for ASEAN-China Free Trade Area: A Qualitative and Quantitative Analysis

    Park, Donghyun; Park, Innwon; Estrada, Gemma Esther B. | July 2009
    Abstract
    The current global financial and economic crisis is giving new life to initiatives that promote closer economic integration among East Asian countries. A significant example is the ASEAN–China Free Trade Area (ACFTA), which is set to come into effect around 2010. ACFTA aims to boost trade between two economies that are partners as well as competitors: ASEAN and China. In the present paper, we use insights from customs union theory in a qualitative analysis considering whether ACFTA would benefit both sides. We also apply a computable general equilibrium model to perform a quantitative analysis of the same issue. Both our qualitative and quantitative analyses provide grounds for guarded optimism regarding ACFTA's prospects as a vehicle for strengthening the economic partnership between ASEAN and China.
    Citation
    Park, Donghyun; Park, Innwon; Estrada, Gemma Esther B.. 2009. Prospects for ASEAN-China Free Trade Area: A Qualitative and Quantitative Analysis. © Wiley. http://hdl.handle.net/11540/4275.
    Keywords
    Economic Crisis
    Economic Efficiency
    Economic Policies
    Regional Economic Development
    Job Evaluation
    Evaluation
    Crisis
    Unemployment
    Economic cooperation
    Gross domestic product
    Employment
    Economic forecast
    Financial crisis
    Labor economics
    Regional economics
    Turnover
    Economic survey
    Job analysis
    Labor turnover
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    Citable URI
    http://hdl.handle.net/11540/4275
    Metadata
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    Author
    Park, Donghyun
    Park, Innwon
    Estrada, Gemma Esther B.
    Theme
    Economics
    Evaluation
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise